Travelers 2010 Annual Report Download - page 272

SCHEDULE II
THE TRAVELERS COMPANIES, INC.
(Parent Company Only)
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(in millions)
CONDENSED STATEMENT OF INCOME
For the year ended December 31, 2010 2009 2008
Revenues
Net investment income ....................................... $11$24$52
Net realized investment gains ................................... 7128 27
Other revenues ............................................. (60) —5
Total revenues ............................................ (42) 152 84
Expenses
Interest .................................................. 315 311 297
Other .................................................... 14 (3) 32
Total expenses ............................................ 329 308 329
Loss before income taxes and equity in net income of subsidiaries ........ (371) (156) (245)
Income tax expense (benefit) ................................... (90) (95) 13
Loss before equity in net income of subsidiaries ..................... (281) (61) (258)
Equity in net income of subsidiaries .............................. 3,497 3,683 3,182
Net income ................................................ $3,216 $3,622 $2,924
For the year ended December 31, 2010 2009 2008
Net Realized Investment Gains (Losses)
Other-than-temporary impairment losses:
Total losses .............................................. $—$(1)$(5)
Non-credit component of impairments recognized in accumulated other
changes in equity from nonowner sources ...................... ———
Other-than-temporary impairment losses ....................... —(1) (5)
Other net realized investment gains .............................. 7129 32
Net realized investment gains ................................. $7$ 128 $ 27
The condensed financial statements should be read in conjunction with the
notes to the condensed financial information of the registrant, as well as the
consolidated financial statements and notes thereto.
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